Mike Rock, Granite Bay Luxury New Construction...For Less (Complete Design)

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Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sometimes it does...but not always.  Some like the higher sales price

Jul 22, 2015 12:11 PM
Rainmaker
7,794,774
Roy Kelley
Retired - Gaithersburg, MD

Many factors come into play when there is multiple contract competion.

Having confidence in the agent and the loan officer are major considerations. 

Jul 22, 2015 10:36 AM
Ambassador
2,167,208
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

As with almost all subjects, the answer is "It depends".   It depends on the sellers motivation, how much of a price difference, what the other terms and conditions of the offer are, etc., etc., etc. 

Jul 22, 2015 10:35 AM
Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

You can't generalize. It all depends on the seller. It also depends upon what the 'cash price' is. I've found that most cash buyers want a signficiant discount.

Jul 22, 2015 09:32 AM
Rainer
39,220
Danuta Fedycki
Century21 - Folsom, CA

It depends on the seller and buyers motivation. In most cases cash buyers want a significiant discount. No one wants to looose money (in this case the seller).

Jul 26, 2015 04:26 AM
Rainmaker
4,854,437
Richard Weeks
Dallas, TX
REALTOR®, Broker

It depends on the sellers situation.  A five day close may not work for them.

Jul 22, 2015 09:16 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

In the case of multiple offers, many buyers submit clean offers.

Jul 22, 2015 06:01 PM
Rainmaker
1,619,316
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

It depends on Sellers motivation. It is important to try to find out what they would value. Sometimes it is a rent back or longer escrow.

Last week I wrote similar offer: full price, all cash, short escrow, no contingencies. We lost, and I knew we would since in that case seller went for ''highest and best'' not necessary shortest of about 15 offers, and I knew that some offers we way over.

Jul 22, 2015 05:25 PM
Rainer
140,560
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

It really depends on how much lower the cash offer is when compared to the financing offer.  Most sellers will give a slight discount for cash. However, when in a sellers market and with values rising as they are here in Florida, sellers are holding firm in a lot of cases.

To give more insight to your question, take a close look at the real difference between a cash offer and well qualified conventional financed offer in which both deals are closing within 30 days.

In each case the buyer or buyers lender will wire the funds into the closing agents account and the seller will get paid. As long as the buyer has made a complete application with a lender and provided the sellers agent with a letter as to that pre-approval, I can't see a seller discounting a property too much for a cash offer. Especially in the current market. 

Jul 22, 2015 01:36 PM